加密货币市场飙升：减半恐慌情绪缓解，比特币接近 6.7 万美元

加密货币市场周一反弹，比特币逼近 67,000 美元，大盘录得正回报。此次反弹是广泛的，CoinDesk 市场指数中的大多数加密货币都在上涨，这可能是由于融资利率降温以及山寨币和模因币可能出现空头挤压。

Cryptocurrency Markets Rebound, Bitcoin Nears $67,000 as Halving Fears Subside

随着减半担忧消退，加密货币市场反弹，比特币接近 67,000 美元

In a significant market recovery, cryptocurrency prices surged on Monday, with Bitcoin (BTC) leading the charge towards $67,000. The market's optimism overshadowed concerns about a deeper correction, bolstered by the recent halving event that reduced the issuance of new Bitcoin supply.

在市场大幅复苏的情况下，加密货币价格周一飙升，比特币 (BTC) 率先冲向 67,000 美元。市场的乐观情绪掩盖了对更深层次调整的担忧，最近的减半事件减少了新比特币供应的发行。

Bitcoin, which underwent its quadrennial halving over the weekend, saw a 3% increase in the past 24 hours, reaching $66,500. Ethereum (ETH), while lagging behind, also gained 1.5% to hover around $3,200.

比特币在周末经历了四年一次的减半，在过去 24 小时内上涨了 3%，达到 66,500 美元。以太坊 (ETH) 虽然落后，但也上涨 1.5%，徘徊在 3,200 美元附近。

The market's positive momentum was not limited to Bitcoin and Ethereum. Across the CoinDesk Market Index (CMI), 163 out of 173 cryptocurrencies recorded gains. The broad-based CoinDesk 20 Index (CDI) jumped over 3%, with the layer-1 blockchain Near Protocol's native token (NEAR) leading the charge with a 15% surge.

市场的积极势头不仅限于比特币和以太坊。在 CoinDesk 市场指数 (CMI) 中，173 种加密货币中有 163 种录得上涨。基础广泛的 CoinDesk 20 指数 (CDI) 上涨超过 3%，其中第 1 层区块链 Near Protocol 的原生代币 (NEAR) 以 15% 的涨幅领跑。

The market rally extended to crypto-focused stocks, with Coinbase (COIN) and MicroStrategy (MSTR) experiencing gains of 7% and 12%, respectively. Publicly listed miners Riot Platforms (RIOT) and Hut 8 (HUT) rallied 15%-20%, while Marathon Digital (MARA) advanced 6%. This surge was attributed to increased transaction fees, a crucial revenue stream for miners, boosting hopes for improved financial performance.

市场反弹延伸至以加密货币为主的股票，Coinbase (COIN) 和 MicroStrategy (MSTR) 分别上涨 7% 和 12%。公开上市的矿商 Riot Platforms (RIOT) 和 Hut 8 (HUT) 上涨 15%-20%，而 Marathon Digital (MARA) 上涨 6%。这一激增归因于交易费用的增加，交易费用是矿商的重要收入来源，增强了改善财务业绩的希望。

Despite earlier skepticism surrounding the impact of Bitcoin's halving, analysts at crypto hedge fund QCP Capital have expressed optimism. They note that the past three halving events have been followed by exponential price increases for Bitcoin, typically within 50-100 days.

尽管早些时候人们对比特币减半的影响持怀疑态度，但加密货币对冲基金 QCP Capital 的分析师表示乐观。他们指出，过去三次减半事件之后，比特币价格呈指数级上涨，通常在 50-100 天内。

"If this pattern is repeated this time, BTC bulls still have a few weeks to build a larger long position," QCP Capital stated.

QCP Capital 表示：“如果这次重复这种模式，BTC 多头仍有几周时间建立更大的多头头寸。”

QCP Capital also highlighted the cooling of funding rates, the cost of keeping leveraged derivative positions open. This cooling, coupled with deeply negative funding rates for some altcoins and memecoins, has created ripe conditions for a swift upward move if risk-appetite returns.

QCP Capital 还强调了融资利率的降温以及保持杠杆衍生品头寸的成本。这种降温，加上一些山寨币和模因币的融资利率严重为负，为风险偏好回报的迅速上涨创造了成熟的条件。

"What we could see in the short-term is a short-squeeze led by altcoins and memecoins which have seen persistent negative funding, with some as deep as -100% [annualized]," QCP Capital said. "Improving speculative sentiment could see short covering and a resumption of leveraged longs."

QCP Capital 表示：“短期内我们可以看到，以山寨币和 memecoin 为主导的空头挤压，这些货币的资金持续出现负值，其中一些资金高达 -100%（年化）。” “投机情绪的改善可能会导致空头回补和杠杆多头的恢复。”

As the cryptocurrency market continues to defy expectations and rally, investors remain cautiously optimistic, monitoring the market's reaction to the post-halving environment. The resilience of the market, combined with the potential for short-squeeze rallies in smaller cryptocurrencies, suggests that the momentum may continue in the coming weeks.

随着加密货币市场继续超出预期并反弹，投资者保持谨慎乐观，关注市场对减半后环境的反应。市场的弹性，加上较小型加密货币的空头挤压反弹的潜力，表明这种势头可能会在未来几周内持续下去。